RLI CORP — Director's Dealing 2011

Apr 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2011-04-15

Reporting Person: MICHAEL JONATHAN E (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-15	Common Stock	J	34.146	$58.5712	Acquired	213309.2544	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	77687.868	Indirect
Common Stock	42461.299	Indirect
Common Stock	17134.2882	Indirect
Common Stock	5696.4502	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$28.08	2014-05-06	Common Stock (60000)	60000	Direct
Stock Option	$37.54	2015-05-05	Common Stock (45000)	45000	Direct
Stock Option	$43.15	2016-05-04	Common Stock (10500)	10500	Direct
Stock Option	$40.44	2016-08-04	Common Stock (10500)	10500	Direct
Stock Option	$47.04	2016-11-03	Common Stock (10500)	10500	Direct
Stock Option	$49.21	2017-02-02	Common Stock (10500)	10500	Direct
Stock Option	$49.09	2017-05-03	Common Stock (10500)	10500	Direct
Stock Option	$49.67	2017-08-03	Common Stock (10500)	10500	Direct
Stock Option	$49.03	2017-11-02	Common Stock (10500)	10500	Direct
Stock Option	$48.41	2018-02-01	Common Stock (10500)	10500	Direct
Stock Option	$43.00	2018-05-01	Common Stock (10500)	10500	Direct
Stock Option	$47.36	2018-08-01	Common Stock (10500)	10500	Direct
Stock Option	$49.73	2018-11-03	Common Stock (10500)	10500	Direct
Stock Option	$49.89	2019-02-02	Common Stock (10500)	10500	Direct
Stock Option	$39.90	2017-05-07	Common Stock (9750)	9750	Direct
Stock Option	$43.49	2017-08-03	Common Stock (9750)	9750	Direct
Stock Option	$42.90	2017-11-02	Common Stock (9750)	9750	Direct
Stock Option	$44.62	2018-02-01	Common Stock (9750)	9750	Direct
Stock Option	$49.34	2018-05-06	Common Stock (8500)	8500	Direct
Stock Option	$49.20	2018-08-02	Common Stock (8500)	8500	Direct
Stock Option	$50.26	2018-11-01	Common Stock (8500)	8500	Direct
Stock Option	$55.28	2019-02-01	Common Stock (8500)	8500	Direct

Footnotes

F1: Ownership reflects dividend reinvestment.

F2: Shares purchased through payroll deduction feature of the RLI Dividend Reinvestment Plan.

F3: Ownership reflects shares allocated to ESOP participant's account and dividend reinvestment.

F4: Stock Option grant price adjusted to reflect $7 RLI extraordinary dividend paid 12/29/10.

F5: Pursuant to option schedule wherein 20% of the aggregate number of shares granted may be exercised commencing
one year from grant date and each year thereafter in 20% increments.